NYSE$COLD
Americold Realty Trust · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Americold reported a net loss but improved warehouse services margin in Q4 2024.
Americold Realty Trust reported total revenues of $666.4 million in Q4 2024, down 1.9% year-over-year. The company posted a net loss of $36.4 million, improving from a net loss of $226.8 million in Q4 2023. Adjusted FFO per share decreased by 2.1% to $0.37. The global warehouse segment saw a 4.9% increase in same store NOI, and the warehouse services margin improved significantly to 13.2% from 6.3% in Q4 2023.
- Total revenue declined 1.9% year-over-year to $666.4 million.
- Net loss improved to $36.4 million from $226.8 million in Q4 2023.
- Warehouse services margin increased to 13.2% from 6.3% in Q4 2023.
- Adjusted FFO per share declined by 2.1% to $0.37.
Headline financials
Revenue & EPS history
Americold · Revenue · Quarterly
$666M
Revenue by segment
Americold · $668M total across 3 segments · Q3 2023
- Warehouse Services$603M+0.6%90.2%
- Transportation Services$55.6M-27.1%8.3%
- Third-Party Managed Services$9.69M-88.2%1.5%
Forward guidance
Americold expects stable revenue growth with improvements in warehouse operations for 2025.
Tailwinds
- Warehouse segment same store revenues projected to grow 2.0% - 4.0%.
- Warehouse segment same store NOI expected to outpace revenue growth by 200 bps.
- New developments include a $79 million facility in Canada and a $34 million expansion in New Zealand.
- Strong focus on operational efficiencies and workforce performance.
- Projected Adjusted FFO per share for FY25 between $1.51 and $1.59.
Headwinds
- Interest expense projected at $145M - $150M.
- Non-real estate depreciation and amortization expenses expected between $139M - $149M.
- Projected total selling, general, and administrative expenses between $280M - $289M.
- Current income tax expense forecasted between $8M - $10M.
- Projected total maintenance capital expenditures between $82M - $88M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+1.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
49%
18 / 37 earnings
Positive
+16.9%
Q1 2020
Best reaction
-9.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.1% | +16.5% | +15.7% | |
| Q4 2025 | +15.7% | +9.0% | -6.3% | |
| Q3 2025 | -7.3% | -11.1% | -15.8% | |
| Q1 2025 | -5.6% | -3.9% | -6.5% | |
| Q4 2024 | +6.2% | +5.5% | +1.3% | |
| Q3 2024 | -9.9% | -10.1% | -8.4% | |
| Q2 2024 | +0.4% | -0.8% | +0.6% | |
| Q1 2024 | +5.6% | +5.3% | +16.4% | |
| Q4 2023 | -7.7% | -10.6% | -11.1% | |
| Q3 2023 | +0.0% | -5.4% | +7.1% | |
| Q2 2023 | -1.4% | -2.0% | +2.6% | |
| Q1 2023 | +6.1% | +5.3% | +3.3% | |
| Q4 2022 | +3.8% | +1.0% | -8.8% | |
| Q3 2022 | +14.4% | +20.1% | +24.0% | |
| Q2 2022 | -4.0% | -2.1% | -10.4% | |
| Q1 2022 | -1.9% | -6.9% | +8.2% | |
| Q4 2021 | -0.3% | +1.9% | +1.4% | |
| Q3 2021 | -0.6% | -2.2% | +7.6% | |
| Q2 2021 | -3.1% | -6.0% | -1.9% | |
| Q1 2021 | -0.6% | -1.6% | +0.2% | |
| Q4 2020 | +3.2% | +5.0% | +4.8% | |
| Q3 2020 | +1.1% | -6.5% | -7.6% | |
| Q2 2020 | -3.5% | -5.6% | -7.4% | |
| Q1 2020 | +16.9% | +10.6% | +19.2% | |
| Q4 2019 | -5.2% | -9.5% | -18.1% | |
| Q3 2019 | -7.1% | -7.5% | -2.5% | |
| Q2 2019 | +4.4% | +4.6% | +8.7% | |
| Q1 2019 | -4.7% | -4.6% | -2.1% | |
| Q4 2016 | -1.8% | +0.7% | +7.6% | |
| Q4 2018 | +3.0% | -0.4% | +5.8% | |
| Q2 2017 | +1.3% | +1.7% | +4.4% | |
| Q1 2017 | +1.3% | +1.7% | +4.4% | |
| Q3 2017 | +1.3% | +1.7% | +4.4% | |
| Q3 2018 | +5.7% | +4.1% | +11.7% | |
| Q2 2018 | +0.6% | +3.9% | +9.6% | |
| Q4 2017 | -0.0% | +2.0% | +1.2% | |
| Q1 2018 | -0.0% | +2.0% | +1.2% |
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